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Truck Rental in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental in Canada Market Research Report | NAICS 53212CA | Nov 2015

Stuck in traffic: Revenue will temporarily decline due to persisting concerns of a housing bubble

The Truck Rental market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
1.7%
Annual Growth 15-20
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Profit
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Employment
6,984
Businesses
1,193
Industry Analysis & Industry Trends

Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2015. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market moving forward. Regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies to lease trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures... purchase to read more

Industry Report - Industry Investment Chapter

The Truck Rental industry exhibits a very high level of capital intensity. Using wages as a proxy for labour and depreciation as a proxy for capital, for every dollar spent on labour, operators are expected to spend $1.94 on capital in 2015. This high level of capital intensity is necessary for industry firms because they need to allocate a substantial portion of their funds toward truck and trailer purchases. When companies in the industry are experiencing high levels of demand, they often purchase more trucks and trailers to meet the increased demand, however, when demand levels off, companies are less apt to sell their purchased equipment. This bumps up capital spending during times of high downstream demand and keeps depreciation relatively high during moments of low revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Rental Industry?

This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).

Industry Products
Truck leases and rentalsTractor leases and rentalsTrailer leases and rentalsOther leases and rentals
 
Industry Activities
Renting trucks, truck tractors, buses, RVs, utility trailers and semitrailersLeasing trucks, truck tractors, buses, RVs, utility trailers and semitrailers


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